DRUM MAJOR INSTITUTE

EIN: 134080421 501(c)(3) Public & Societal Benefit

ATLANTA, GA

Total Revenue
$1,100,854
Total Expenses
$529,911
Total Assets
$709,146
Net Assets
$689,439
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
WILLIAM B WACHTEL
Phone
2129099600
Tax Period
2023-01-01 to 2023-12-31

DRUM MAJOR INSTITUTE, founded in 1999, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 220% from the prior year, signaling strong growth momentum. The organization ran a surplus of $571K, a strong 52% operating margin.

Mission

TO FOCUS ON WORKING TO ERADICATE POVERTY, RACISM AND MILITARISM/VIOLENCE, THROUGH ADVOCACY, EMPOWERMENT AND EDUCATION, TO WORK TOGETHER TO CREATE A VIBRANT, COMMUNITY-BASED SOCIETY FOCUSED ON SOCIAL JUSTICE, PEACE, ENRICHING LIVES AND WORKING TO FURTHER REALIZE THE DREAM.

Program Service Accomplishments

Program 1
Expenses: $522,045

EVENT INVOLVEMENTDIGITAL, SOCIAL MEDIA AND WEBSITE REDEVELOPMENTSTRATEGIC MESSAGING AND PUBLIC RELATIONSEVENY PLANNING AND MANAGEMENTTRAVELOTHER

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,100,854
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,100,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,726
Fundraising Expenses $0
Program Expenses $522,045
Other Expenses $167,185
TOTAL EXPENSES $529,911

Year-over-Year Comparison

2023 2022 Change
Revenue $1,100,854 $343,800 +2.2%
Expenses $529,911 $354,497 +0.5%
Net Income $570,943 $-10,697 -54.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
4
Employees
1
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$350,000
Total Directors
11
$350,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM B WECHTEL TREASURER 10.00
Officer Director
$0 $0 $0
MARTIN LUTHER KING III CHAIRMAN 50.00
Officer Director
$175,000 $0 $175,000
ARNDREA WATERS KING PRESIDENT 50.00
Officer Director
$175,000 $0 $175,000
VERNA JENNINGS CLEVELAND SECRETARY 10.00
Officer Director
$0 $0 $0
JEH C JOHNSON MEMBER 2.00
Director
$0 $0 $0
SCOTT RECHLER MEMBER 2.00
Director
$0 $0 $0
NORMAN OMSTEIN MEMBER 2.00
Director
$0 $0 $0
DAN ROBERTI MEMBER 3.00
Director
$0 $0 $0
ERIC N GIOIA MEMBER 1.00
Director
$0 $0 $0
FREDERICK DAVIE MEMBER 1.00
Director
$0 $0 $0
LISA GIOIA MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,100,854 $529,911 $709,146 $570,943
2022 $343,800 $354,497 $190,793 $-10,697
2021 $325,500 $306,074 $143,782 $19,426
2020 $316,973 $240,946 $166,492 $76,027
2019 $109,187 $123,095 $34,443 $-13,908
2018 $434,336 $289,290 $53,294 $145,046
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